PeerNova has secured a pre-series A investment by venture capital veteran and semiconductor industry pioneer Pierre Lamond.
Lamond helped pioneer the semiconductor industry in Silicon Valley, with his leadership roles at Fairchild Semiconductor and National Semiconductor, which he cofounded in 1967.
At Sequoia Capital from 1981 to 2009, Lamond’s deals included Cypress Semiconductor, Microchip Semiconductor, Vitesse Semiconductor and Redback Networks. He also stepped in to lead engineering on a temporary basis at Cisco Systems and mentored the YouTube founders. In 2009 he left to become general partner at Khosla Ventures and served until early this year.
Lamond says: "I invested in PeerNova because of its stellar leadership team and deep expertise in technology and operations. The crypto currency space is fairly new, but it has tremendous potential to disrupt a number of industries with blockchain based technology solutions. I am confident that PeerNova's management experience will enable it to successfully deliver on its vision of being the leader in block chain based infrastructure, platform and applications.”
Naveed Sherwani, CEO of PeerNova, says: "We are very excited to attract investments from Silicon Valley luminaries. Having semiconductor pioneer Lamond as one of our early investors helps validate our vision, product roadmap and goal to bring blockchain based applications to the consumer and enterprise markets. As we actively work on an array of products and partnerships that leverage our infrastructure and platform, we are glad to count Lamond as one of our investors."
